Chaince Digital Holdings Inc Stock Price, News & Analysis

Chindata Group's CEO, Alex Ju, met with Indonesian Ambassador Djauhari Oratmangun on April 19, 2021, to discuss digital infrastructure in the Asia-Pacific region during the Boao Forum. Ju emphasized the company's commitment to enhance its business operations in Indonesia as part of the RCEP initiative, aiming to facilitate digital transformation. Chindata Group, the only carrier-neutral digital infrastructure platform in Asia-Pacific, reported a total IT capacity of 489 MW, focusing on RCEP-related countries like China and Malaysia by the end of Q4 2020.

Chindata Group (Nasdaq: CD) reported strong financial results for Q4 and the full year ended December 31, 2020. The company achieved Q4 revenues of RMB553.0 million (US$84.7 million), a 59.2% year-over-year increase, with adjusted EBITDA also rising by 72% to RMB239.4 million (US$36.7 million). For the full year, total revenues surged by 114.7% to RMB1,831.1 million (US$280.6 million), and adjusted EBITDA increased by 186.4% to RMB852.2 million (US$130.6 million). Chindata expanded its IT capacity, securing significant orders from major global cloud companies.

Chindata Group (Nasdaq: CD) reported robust financial results for Q4 and full year 2020, with revenues increasing by 114.7% year-on-year to RMB1.8 billion (USD275.7 million) and adjusted EBITDA rising 186.4% to RMB852.2 million (USD130.6 million). The company secured over 45 IT MW of new orders in Q4 2020, expanding its presence in Asia-Pacific. With a commitment to sustainability, 51% of its energy usage comes from renewable sources. Despite an operating loss of RMB27.1 million, the company marked its sixth consecutive quarter of positive adjusted net income, indicating strong operational growth.

Chindata Group Holdings Limited (Nasdaq: CD) will release its fourth quarter and full year 2020 financial results on March 24, 2021, after market close. A conference call is scheduled for 8:30 A.M. ET on March 25, 2021, to discuss these results. Interested participants must register online to receive call details. The company, a leader in hyperscale data center solutions in the Asia-Pacific region, operates under two brands: Chindata and Bridge Data Centres, focusing on comprehensive facility management across emerging markets.

On Feb. 3, 2021, Chindata Group (Nasdaq: CD) announced the establishment of its subsidiary Chinpower, aimed at developing innovative energy solutions for the hyperscale data center sector. This initiative targets two critical areas: accelerating the rapidly-growing digital economy and addressing climate change. The company also introduced a video showcasing the new hyper-density data center integrated energy solution, signaling its commitment to sustainability in technology.

Chindata Group (Nasdaq: CD) announced the establishment of Chindustry, a dedicated business group aimed at enhancing value for customers in the hyperscale data center sector. Vice-president Jing Song has been appointed as president, leveraging her extensive experience in next-generation data center projects. Chindustry will focus on customized, cost-effective solutions, addressing the diverse needs of global tech giants. This initiative is part of Chindata’s broader strategy to optimize its service offerings in Asia-Pacific emerging markets.

Chindata Group (Nasdaq: CD) has announced a roadmap to achieve carbon neutrality for its hyperscale data centers in China by 2030, significantly ahead of China's 2060 target. The company pledges to invest in clean energy, targeting 2GW installed capacity, having already secured 1300 MW in renewable contracts. With a focus on data infrastructure's energy needs, Chindata aims to optimize site selection based on solar and wind resources. Their data centers achieved an average PUE of 1.21, dramatically reducing emissions. The company's sustainability efforts have gained recognition with numerous awards.

Chindata Group has commenced construction of its first high-end equipment manufacturing industrial base in Hebei Province, China. This facility will focus on the research & development, design, and manufacturing of prefabricated modules and data center modules. CEO Alex Ju emphasized that high-end manufacturing is key to the digital age and will enhance product upgrades in hyperscale data centers. The company holds nearly 200 patents and aims to collaborate with industry partners to drive innovation and development in advanced technologies.